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Cooper-Standard Automotive Names Dong to Vice President and Corporate Treasurer
Novi, Mich.-May 12, 2009 - Cooper-Standard Automotive recently named Glenn Dong to vice president and corporate treasurer, responsible for directing the management of the Global Treasury operations unit, including cash management, debt funding, foreign exchange and risk management. In this role, Dong - who brings extensive banking and capital markets experience - will report to Allen Campbell, chief financial officer for the company.
"Glenn's previous success in managing global automotive companies' banking, credit and liquidity functions made him an ideal candidate for this position," Campbell said. "We are pleased to welcome Glenn to the Cooper-Standard team and are confident he will be an integral part of our future success."
Prior to joining Cooper-Standard, Dong served as vice president and treasurer at International Automotive Components Group North America, Inc. in Dearborn, Mich., where he was responsible for the company's treasury activities. From 2000 to 2007, he served as corporate treasurer for Dura Automotive Systems, Inc. in Rochester Hills, Mich. and, prior to this, served as assistant treasurer for Meritor Automotive, Inc. in Troy, Mich. (currently ArvinMeritor) at the corporate level for the North American and Asia Pacific regions.
Previously, he held positions of increasing responsibility at LucasVarity Light Vehicle Braking Systems in Livonia, Mich. (currently TRW Automotive) and Varity Corp. in Buffalo, N.Y.
Dong earned a Bachelor of Arts degree from Hunter College in New York and a master's degree in business administration from St. John's University Graduate School of Business in Queens, N.Y.
About Cooper-Standard Automotive
Cooper-Standard Automotive Inc., headquartered in Novi, Mich., is a leading global automotive supplier specializing in the manufacture and marketing of systems and components for the automotive industry. Products include body sealing systems, fluid handling systems and NVH control systems, which are represented within the company's two operating divisions: North America and International. Cooper-Standard Automotive employs approximately 18,000 people globally with more than 70 facilities throughout the world. For more information, visit the company's Web site at: www.cooperstandard.com.
Cooper-Standard is a privately-held portfolio company of The Cypress Group and Goldman Sachs Capital Partners Funds.
The Cypress Group is a New York-based private equity investment firm founded in 1994. Since its formation, Cypress has invested more than $3.5 billion of capital within its two funds. Cypress has an extensive track record of making growth-oriented investments in targeted industry sectors and building equity value alongside proven management teams.
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
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